Armstrong Watson has helped a large number of law firms incorporate their practices. We will help you decide if incorporating is the right decision for you, and if you decide to proceed, we'll manage the process from end-to-end, ensuring a smooth and seamless transition.
We will agree fees for each stage of the process in advance.
A managed service to convert law firms to Limited Companies.
Sole practitioners, partnerships or LLPs of all sizes in all locations.
Attend two hour assessment meeting, two hour planning meeting, one hour shareholders' agreement meeting. Provide information to us as requested and regular updates to your Partners. Action points from the planning meeting.
Incorporation of your law firm (see the detailed process above).
We would provide a specific fee proposal which can be tailored to your needs.
Armstrong Watson has helped, a large number of law firms to incorporate their practices, providing us with experience and knowledge of the process and potential pitfalls to avoid.
The goodwill in one of those was valued at £300,000 for a two partner practice, initially saving £45,000 in tax between the two partners. Ongoing annual tax savings are expected to amount to £15,000 per partner.